Coeur Mining Inc. (CDE) Stock Price Up 5%
Coeur Mining Inc. (NYSE:CDE)’s share price was up 5% on Thursday . The company traded as high as $13.74 and last traded at $13.57, with a volume of 3,667,093 shares. The stock had previously closed at $12.92.
A number of equities analysts have recently weighed in on CDE shares. BMO Capital Markets upgraded Coeur Mining from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 12th. Zacks Investment Research downgraded Coeur Mining from a “buy” rating to a “hold” rating in a research note on Monday, May 16th. Royal Bank Of Canada started coverage on Coeur Mining in a research note on Tuesday, June 21st. They issued a “sector perform” rating and a $9.00 target price on the stock. Raymond James Financial Inc. upgraded Coeur Mining from a “market perform” rating to an “outperform” rating in a research note on Monday, June 27th. Finally, Roth Capital restated a “buy” rating on shares of Coeur Mining in a research note on Monday, June 27th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $5.88.
The company’s market cap is $2.16 billion. The company has a 50 day moving average price of $14.34 and a 200-day moving average price of $8.65.
Coeur Mining (NYSE:CDE) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.02 by $0.07. During the same quarter in the prior year, the firm posted ($0.11) EPS. The business earned $182 million during the quarter, compared to the consensus estimate of $173.92 million. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. Equities analysts expect that Coeur Mining Inc. will post $0.21 earnings per share for the current fiscal year.
In related news, SVP Hans John Rasmussen sold 3,477 shares of the business’s stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $15.00, for a total transaction of $52,155.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Peter C. Mitchell sold 16,157 shares of the business’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $15.88, for a total transaction of $256,573.16. Following the transaction, the chief financial officer now owns 270,260 shares of the company’s stock, valued at approximately $4,291,728.80. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Coeur Mining stock. Schwab Charles Investment Management Inc. boosted its stake in Coeur Mining Inc. (NYSE:CDE) by 4.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 838,782 shares of the company’s stock after buying an additional 35,565 shares during the period. Schwab Charles Investment Management Inc. owned about 0.61% of Coeur Mining worth $2,081,000 as of its most recent filing with the SEC.
Coeur Mining, Inc is a gold and silver producer. The Company’s segments include Palmarejo complex, Rochester, Kensington, Wharf and San Bartolome mines, and Coeur Capital. The Company also a non-operating interest in the Endeavor mine in Australia in addition to royalties on the El Gallo complex in Mexico, the Zaruma mine in Ecuador, and the Correnso mine in New Zealand.
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